Oriental Pearl Group Co., Ltd. (Stock Code: SH.600637) is a unified business and capital platform of Shanghai Media Group. The company has built a complete industry chain in content as well as media channels including IPTV, Internet TV, cable digital pay-TV, mobile TV service on smart phones, TV sets and service on public transport and TV sets and service in public areas in residential and commercial buildings. OPG is China’s largest multi-channel video integration and distribution platform with coverage of hundreds of millions of viewers. OPG also owns a number of city architectural landmarks, such as the Oriental Pearl TV Tower, Mercedes-Benz Arena, Shanghai International Convention Center and Oriental Land. The company is also an industry leader in other media-related businesses, including digital marketing, console games, TV shopping, culture and entertainment themed tourism in China.
The company will further promote the integration of its current businesses and develop new business models, based on its diversified entertainment IPs and upon the demand of its service subscribers. It will also keep consummating an ‘Entertainment+’ eco-system with a business model of profit generation from its users.
China is in the progress of upgrading its social consumption structures. There is also an increasing demand of more diversified home entertainment consumption in China. Having that as a background, OPG is committed to becoming China’s leading innovative media group in the culture industry.
Oriental Pearl (Stock Code: SH.600832) had its IPO on Shanghai Stock Exchange, becoming China’s first listed company in the culture and media industry.
BesTV (Stock Code: SH.600637), a pioneer of China’s radio, television and new media business, was listed through adverse merger.
BesTV (Stock Code: SH.600637) and Oriental Pearl (Stock Code: SH.600832) started merge procedures, with major asset reorganization and injection of more high-quality business assets from its parent company, SMG.
After merge, OPG became China’s first listed company with a business scope covering the whole media and entertainment industrial chain.